Stay updated with the latest income tax notifications for changes in tax laws, rates, and compliance requirements. Get insights into income tax updates, exemptions, deductions, and important deadlines through income tax notifications.
Income Tax : The article examines whether Section 58(3) of the Income-tax Act, 2025 makes tax audit compulsory whenever profits fall below 6%, ...
Income Tax : Income may become tax-free under the new tax regime because of the standard deduction and Section 87A rebate, but ITR filing may s...
Income Tax : The issue concerns whether declaring profits below the presumptive rate automatically triggers tax audit or whether turnover thres...
Income Tax : The article analyses whether declaring profits below presumptive rates automatically triggers tax audit under the Income-tax Act, ...
Income Tax : This analysis explains how charitable and religious trusts qualify for exemption under Sections 11 to 13 of the Income-tax Act. It...
Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : The data shows a steady increase in net direct tax collections driven by higher corporate and non-corporate tax revenues. It highl...
Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...
Income Tax : The tax department clarified that no search or restriction was carried out against the individual. It termed the allegations basel...
Income Tax : The ruling clarifies that unauthenticated digital chats and screenshots cannot form the sole basis of tax additions without proper...
Income Tax : The case involved denial of deduction due to delayed execution of purchase deed. The Tribunal held that investment in an under-con...
Income Tax : Gujarat High Court upheld the deletion of a Section 271D penalty, ruling that the assessment order did not record satisfaction for...
Income Tax : Supreme Court reviews the Kakadia Builders case, addressing Settlement Commission's authority to waive interest under Sections 234...
Income Tax : We request the authority concerned to take a practical view of the problems which the assessees are facing as on date on account o...
Income Tax : CBDT has notified the Indian Institute for Human Settlements as an approved institution for social science and statistical researc...
Income Tax : CBDT has clarified that lessees need not deduct TDS on ship lease payments once the IFSC lessor submits Form 1(N), provided the Se...
Income Tax : CBDT has notified tax exemption for specified income of the Mussoorie Dehradun Development Authority under section 10(46). The not...
Income Tax : Exercising powers under Section 119(2)(b), CBDT has condoned delays in Form 10AB filing for eligible cases. The Circular does not ...
Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...
Circular No. 378 – Income Tax Under section 80J a deduction at the rate of 6 per cent per annum of the capital employed is allowed from the profits of new industrial undertakings, ships and hotels which fulfill the prescribed conditions. In case of companies where the new industrial undertakings begin to manufacture after March 31, 1976 or ships
Notification No. G.S.R.86(E)-Income Tax In exercise of the powers conferred by clause (via) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby approves the Industrial Development Bank of India established under the Industrial Development Bank of India Act, 1964 (18 of 1964), for the purposes of the said clause.
Notification No. S.O.805-Income Tax In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” Indian Council for Research on International Economic Relations, New Delhi “, for the purpose of the said section for the period covered by the assessment years 1983-84 to 1985-86
Notification No. S.O.804-Income Tax In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” The Social Work & Research Centre, Ajmer (Rajasthan) “, for the purpose of the said section for the period covered by the assessment years 1982-83, 1983-84 and 1984-85
Notification No. S.O.803-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” Cloistered Carmal, Mangalore “, for the purpose of the said section for the period covered by the assessment years 1982-83 to 1984-85.
Notification No. S.O.802-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” T.V.S. Charities “, for the purpose of the said section for the period covered by the assessment years 1984-85 and 1985-86.
Notification No. G.S.R.84(E)-Income Tax In exercise of the powers conferred by clause (c) of sub-section (1) of section 35CCA of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the National Fund for Rural Development set up under the resolution of the Government of India in the Cabinet Secretariat No. 82/1/4/83-Cab., dated 10th February, 1984, for the purposes of the said section.
Notification No. S.O.801-Income Tax In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” Sri Kundeshwara Temple, Kundapura (Karnataka) ” to be a place of public worship of renown throughout the State of Karnataka.
Notification No. S.O.819-Income Tax In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the society known as Army Group Insurance Fund, New Delhi, for the purposes of the said sub-clause.
Notification No. S.O.1023-Income Tax It is hereby notified for general information that in Ministry of Finance (Department of Revenue) Notification No. 3758, dated 6th December, 1980. This notification contains Corrigendum to Income-tax Act carried out on February 24, 1984 not reproduced here as it is already contained in the body of the Act itself.
